Warner Bros. Discovery

Warner Bros. Discovery and Paramount will each retain 12.5% stakes and will continue to supply programming

The discovery+ streaming service is live on Sling TV and will launch on Dish on August 25

Company laid out its plans to launch a unified streaming product in 2023, with plans to hit 130M subs and $1B in profits in 2025

The company now has 92.1 million global direct-to-consumer subs; U.S. DTC subs declined slightly

CNN original content will get its own hub on discovery+ starting on August 19

BT Sport and Eurosport UK will initially retain their separate brands before being brought together under a single brand in the future

Staff Me Up, Hue You Know and Hollywood leaders launched Coded For Inclusion last year to address diversity issues in Hollywood’s hiring practices

But operating income at WarnerMedia was down by nearly one third as a result of investments in HBO Max and CNN+

Less than one month after launch, Warner Bros. Discovery has decided to shut it down on April 30

Warner Bros. Discovery to Begin Trading on the Nasdaq as “WBD” on Monday, April 11